Savings & Checking Rates

Regular Savings, Escrow, Club & Birdie Accounts
Growth Savings Accounts
Systematic Savings Products
Traditional IRA, Roth IRA & Coverdell ESA & INGS
Health Savings Checking Accouns (HSA)
Interest Earning Personal Checking
Interest Earning Business Checking
Business Savings Rates
Money Market Accounts
Certificates of Deposit
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Kasasa Cash Checking
Effective Date: Thursday, April 24th, 2014
**APYRateMaximum Dollar AmountDescription
2.50% 2.4718% $5,000.00 Balances over $5,000 earn 2.50%APY-.25%APY. Non-qualified accounts earn .01%APY
Qualifiying accounts are accounts that receive e-statemens, do a minimum of 15 debit card transactions and a minimum of one ACH debit/bill pay during the qualifiying cycle.


 

Kasasa Saver Savings
Effective Date: Thursday, April 24th, 2014
**APY*APRMaximum Dollar AmountDescription
1.25%APY 1.2429% $10,000.00 Balances over $10,000 earn 1.25%APY-.025%APY. Non-qualifying accounts earn .01%APY
Qualifying accounts are accounts that receive e-statements, do a minimum of 15 debit card purchases and a minimum of one ACH debit/bill pay during the qualifying cycle.
Members of FCU can not have a Kasasa Saver with out a Kasasa Cash or Kasasa Cash Back checking. When you qualify each month with your Kasasa Cash and Kasasa Cash Back you automatically qualify with your Saver account too.

Plus Savings
Effective Date: Thursday, April 24th, 2014
**APY*APRMinimum InvestmentMaximum Dollar Amount
.25% .25% $500.00 $9,999.00
.25% .25% $10,000.00 $24,999.00
.50% .50% $25,000.00 $99,999.00
.50% .50% $100,000.00 & Up
 


 

Regular Savings, Escrow, Club & Birdie Accounts
Effective Date: Thursday, April 24th, 2014
Minimum Dollar AmountMaximum Dollar Amount**APY*APR
$100.00 $9,999.00 0.02% 0.02%
$10,000.00 $24,999.00 0.02% 0.02%
$25,000.00 $99,999.00 0.02% 0.02%
$100,000.00 & Up 0.02% 0.02%
*These rates are effective for the current month on Regular Savings, Escrow, Vacation, Young Adult, Birdie B Good and Christmas Club accounts. Members 18 and older are asked to keep an aggregate balance of at least $100 to avoid a $5 monthly service charge.

 

Growth Savings Accounts
Effective Date: Thursday, April 24th, 2014
Name**APY*APRNotes
I Growth savings 0.10% 0.10% $5,000 minimum balance.
II Growth Savings 0.20% 0.20% $25.000 minimum balance. Require open checking or credit card with FCU.
III Growth Savings 0.30% 0.30% $50,000 minimum balance. Requires open checking and credit card with FCU.
IV Growth Savings 0.40% 0.40% $100,000 minimum balance. Requires Premier Checking with FCU.
Please contact us for more information or go to our Savings & Checking page. Each Growth Savings account stands on its own. The Growth Savings accounts are not tiered accounts and the rates do not change as balances change. Members must contact FCU and sign a new Truth-In-Savings Disclosure in order to change from one Growth Savings product to another.

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Systematic Savings Products
Effective Date: Thursday, April 24th, 2014
Name**APY*APR
Systematic Savings 0.50% 0.50%
Systematic Traditional IRA 0.75% 0.75%
Systematic Roth IRA 0.75% 0.75%
Youth Systematic Savings (members 12 & younger) 0.50% 0.50%
All Systematic Savings, except for the Youth Systematic Savings require a monthly minimum deposit of $25. Youth Systematic Savings, requires a monthly minimum deposit of $10.
*Contact us for more information on our new line of Systematic Savings products. Learn how a Systematic Savings can help even the worst saver start to build a savings.

 

Traditional IRA, Roth IRA & Coverdell ESA
Effective Date: Thursday, April 24th, 2014
Investment Amount**APY*APR
$0 - $9,999 0.10% 0.10%
$10,000 - $24,999 0.20% 0.20%
$25,000 - $99,999 0.30% 0.30%
$100,000 & Up 0.40% 0.40%
INGS    
If you are looking for more IRA investment options, check out our Certificates of Deposit rates. IRA's can take advantage of those great rates also.

 

Health Savings Checking Account (HSA)
Effective Date: Thursday, April 24th, 2014
Investment Amount**APY*APR
$0.01 - $999 0.50% 0.50%
$1,000 - $2,499 1.01% 1.00%
$2,500 - $9,999 1.01% 1.00%
$10,000 - up 1.01% 1.00%
Our Health Savings Account features a small set up charge, an initial free 50 pack of checks to new accounts and a small monthly service charge. HSA's are are designed for those members with high deductible health insurance plans. Contact our Business Department at (989)497-1600 for more information on our very attractive HSA program.

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Need checks?  Click here to order!

 

Interest Earning Personal Checking
Effective Date: Thursday, April 24th, 2014
Name**APY*APRMinimum Balance
Interest Plus Checking 0.03% 0.03% No minimum balance to open.
Kasasa Cash Checking 2.50% 2.47% If qualifications are met each monthly qualification cycle balances up to $5,000 will earn 2.50%APY.
Qualifications include things you already do: e-statements, 15 posted debit card transactions, and ACH debit from Bill Pay or direct.

 

Interest Earning Business Checking
Effective Date: Thursday, April 24th, 2014
Name**APY*APRMinimum Balance
2 Star Plus Checking 0.05% 0.05% $250 minimum to earn interest.
3 Star Plus Checking 0.10% 0.10% $500 minimum to earn interest.
4 Star Plus Checking 0.15% 0.15% $1,000 minimum to earn interest
5 Star Plus Checking 0.20% 0.20% $20,000 minimum to earn interest.

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Business Savings Rates
Effective Date: Thursday, April 24th, 2014
Dividend Tiers**APY*APR
$5 - $9,999 0.10% 0.10%
$10,000 - $24,999 0.15% 0.15%
$25,000 - $99,999 0.15% 0.15%
$100,000 & Up 0.25% 0.25%
Frankenmuth Credit Union offers special savings rates for our members that take advantage of our excellent Business Programs. Contact our business department for more information.

 

Money Market Accounts
Effective Date: Thursday, April 24th, 2014
Balance**APY*APR
Money Market Insured Account
$1,000 - $9,999 0.05% 0.05%
$10,000 - $24,999 0.05% 0.05%
$25,000 - $99,999 0.10% 0.10%
$100,000 & Up 0.10% 0.10%
Mega Money Market Insured Account
$10,000 - $24,999 0.15% 0.15%
$25,000 - $49,999 0.15% 0.15%
$50,000 - $99,999 0.15% 0.15%
$100,000 - $499,999 0.25% 0.25%
$500,000 - $999,999 0.25% 0.25%
$1,000,000 & Up 0.25% 0.25%
*Required minimum opening balance for both Money Market Accounts is the minimum required to earn interest. Limited to 4 withdrawals a month of $500 or more. All deposits must be over $100. APY = Annual Percentage Yeild. Contact us for more information.

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Certificates of Deposit (for Regular & IRA Investments)
Effective Date: Thursday, April 24th, 2014
Term**APY*APR
$500 - $99,999
3 Month 0.05% 0.05%
6 Month 0.05% 0.05%
9 Month 0.10% 0.10%
12 Month 0.10% 0.10%
18 Month 0.15% 0.15%
2 Year 0.30% 0.30%
3 Year 0.70% 0.70%
4 Year 1.00% 0.99%
5 Year 1.25% 1.24%
$100,000 & Over
3 Month 0.05% 0.05%
6 Month 0.05% 0.05%
9 Month 0.10% 0.10%
12 Month 0.10% 0.10%
18 Month 0.15% 0.15%
2 Year 0.30% 0.30%
3 Year 0.70% 0.70%
4 Year 1.00% 0.99%
5 Year 1.25% 1.24%
*Require $500 minimum investment for a Certificate of Deposit under $100,000 and $100,000 for a CD over. Rates subject to change. Investment fully insured under the NCUA guidelines. Penalty for early withdrawal or closing. APY = Annual Percentage Yield. Contact us for more information.


 

*APR = Annual Percentage Rate **APY = Annual Percentage Yield and assumes interest is compounded. All rates are subject to change. Minimum balances may be required. Fees may apply in certain situations and may reduce earings. Contact Frankenmuth Credit Union for more information.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT  To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

WHAT THIS MEANS FOR YOU: When you open an account, we will ask for your name, address date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

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